The purpose of this proposal is to reward users for volunteering computing power to the World Community Grid Project. Users will sign up for WCG, join the DeVault team, and allocate computing power to the WCG projects..
The World Community Grid project allows users to volunteer their device’s spare computing power to help scientists solve the world’s biggest problems in health and sustainability. We have formed a DeVault WCG team and we are asking community members to join the team to help make a difference, and in the process help scientist help humanity. The process is very easy and we will be posting a guide soon.
I will be hosting a test run of this project. From August 1st through August 31st users who donate computing power to the DeVault World Community Grid Team will be rewarded with DVT. I am donating 50,000 DVT to this cause and I will be asking other large holders to donate as well. This entire test run will be manually completed, but my hopes is to get a fully or semi automated system. Users will be rewarded based on the amount of points they earn from donated computing power. The numbers will be based on percentages.
Here I will list the actual proposal I will be making in the near future after we run our test. I will present technical aspects, possible numbers, positive outcomes from the proposal and I will answer any questions the community might have.
We will need an automated system for payouts. Each month a fixed amount of DVT will be rewarded to the users who donated computing power to the DeVault WCG team. The amount owed to each user will need to be automated. The payouts, after moved from a multi-sig address will need to be automatically paid out to the users using a script or some other process. We will need a community portal for users to sign up for the DeVault WCG team, to make the process easy. I would like to have a team page showing stats and possible current payouts. There is more but this is the basics.
We will need to provide payment to the developer who helps on the technical aspects mentioned above. We will also need to choose an amount of DVT to allocate each month, maybe based on a fixed $ amount so as to avoid high payouts, or low payouts. This will ensure the incentive. We can have a short proposal and resubmit in the future to lower and higher the amount.
Ripple Labs did this same thing with XRP. It was a great way to onboard folks into crypto currency, myself included. It was where I started out in 2013. It opened my eyes. This will be great for users because it is almost like mining. Not really mining but in a way. You can also run BOINC from android phones, which would allow for many 3rd world country folks to participate. Ripple labs ran this for about a year and a half, and ended the program in mid 2014. They still have the 3rd highest point score behind IBM and one other team.
That is all for now. Please comment, suggest, and ask questions. I will make a new post for the TEST RUN we are running in August. If you would like to add to my 50k DVT pool prize please let me know. Thank you all.